21Shares Brings Regulated Access to Zcash and Ether.fi ETPs
21Shares has launched two new exchange-traded products (ETPs) that track Zcash and ether.fi, expanding regulated European access to these assets. The Zcash ETP, with ticker ZCASH, is physically backed and holds the underlying asset in custody, giving investors indirect exposure without requiring them to manage private keys or custody.
The 2.5% annual fee for both products applies. The ether.fi ETP, with ticker ETHFI, tracks the governance and utility token of ether.fi, a platform that offers liquid restaking, borrowing, swaps, payments, and card services, among other features.
Grayscale's Zcash ETF on NYSE Arca was launched in August under the ticker ZCSH. The U.S.-listed ETF holds ZEC and seeks to track its value after fees and expenses.